Alcoa Hype Analysis, Alcoa Correlation, Alcoa Valuation, Alcoa Volatility as well as analyze Alcoa Alpha and Beta and Alcoa Performance.With this equity back-testing module your can estimate the performance of a buy and hold strategy of Alcoa Corporation and determine expected loss or profit from investing in Alcoa over given investment horizon. Check also
|Horizon||30 Days Login to change|
Alcoa 'What if' Analysis
July 18, 20190.00
October 16, 20190.00
If you would invest 0.00 in Alcoa on July 18, 2019 and sell it all today you would earn a total of 0.00 from holding Alcoa Corporation or generate 0.0% return on investment in Alcoa over 90 days. Alcoa is related to or competes with Aluminum, Kaiser Aluminum, Century Aluminum, Constellium, First Majestic, and AngloGold Ashanti. Alcoa Corporation produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Bra...
Alcoa Upside/Downside Indicators
|Value At Risk||(3.95)|
Alcoa Market Premium Indicators
|Risk Adjusted Performance||(0.07)|
|Total Risk Alpha||(0.16)|
Alcoa Backtested Returns
Macroaxis considers Alcoa to be somewhat reliable. Alcoa secures Sharpe Ratio (or Efficiency) of -0.0828 which signifies that the organization had -0.0828% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy in foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Alcoa Corporation exposes twenty-seven different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Alcoa Mean Deviation of 2.34 and Risk Adjusted Performance of
(0.07) to double-check risk estimate we provide. The firm shows Beta (market volatility) of 2.0705 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Alcoa will likely underperform. Even though it is essential to pay attention to Alcoa historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Alcoa Corporation exposes twenty-seven different technical indicators which can help you to evaluate its performance. Alcoa has expected return of -0.2487%. Please be advised to confirm Alcoa Information Ratio, Treynor Ratio and the relationship between Downside Deviation and Total Risk Alpha to decide if Alcoa past performance will be repeated at some point in the near future.
|15 days auto-correlation||0.38|
|Spearman Rank Test||0.49|
Alcoa lagged returns against current returns
Current and Lagged Values
Alcoa regressed lagged prices vs. current prices
Current vs Lagged Prices
Alcoa Lagged Returns
Check effects of mean-variance optimization against your current asset allocation
|All Next||Launch Module|
Check also Alcoa Hype Analysis, Alcoa Correlation, Alcoa Valuation, Alcoa Volatility as well as analyze Alcoa Alpha and Beta and Alcoa Performance. Please also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.